Southwest Albuquerque Office Space

Southwest Albuquerque

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
650
As of: January 22, 2017

Southwest Albuquerque Rates

On average, listings lease in the $10's per square foot per year. The Southwest Albuquerque submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 11% increase in rent.

Southwest Albuquerque Listing Supply

In the last 90 days, 23 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the listings in the Southwest Albuquerque are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 650 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this region were built in 0 and are Class B.

Southwest Albuquerque Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the occupants of Southwest Albuquerque work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Southwest Albuquerque.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southwest Albuquerque.
Research